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The Daily Hodl
2023-05-01 18:41:39

US Government Sells Nearly $300,000,000,000 in Assets to JPMorgan After Collapse of First Republic Bank

US Government Sells Nearly $300,000,000,000 in Assets to JPMorgan After Collapse of First Republic Bank

JPMorgan Chase, the largest bank in the US, has acquired the majority of collapsed First Republic Bank after it was seized by the Federal Deposit and Insurance Corporation (FDIC). In a press release, JPM says it has acquired approximately $173 billion worth of loans, $30 billion worth of securities, and $92 billion worth of deposits, The post US Government Sells Nearly $300,000,000,000 in Assets to JPMorgan After Collapse of First Republic Bank appeared first on The Daily Hodl .

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